Total credit market outstanding of the domestic non-financial sectors at 30 June 2012 was $4,377.4b, a decrease of $3.2b from the previous quarter. Demand for credit during the quarter was $59.2b and valuation decreases were $62.4b.

Demand for credit was up $6.6b from the previous quarter, driven by increased demand by state and local general government (up $13.5b) and households (up $7.1b).This was offset by a decreased demand for credit by national general government (down $14.4b).

NON-FINANCIAL CORPORATIONS

Private non-financial investment funds repaid a net $1.3b driven by redemptions in bonds of $0.6b during the June quarter 2012. Other private non-financial corporations raised a net $25.4b, from issuance of shares of $15.4b, loans of $10.9, and bonds of $3.2b.

GENERAL GOVERNMENT

National general government repaid a net $0.4b during the quarter driven by redemptions in one name paper of $3.1b and offset by issuances of bonds of $2.6b. State and local general government raised $13.5b primarily through loans of $13.4b during the quarter.

HOUSEHOLDS

Households raised a net $20.3b during the June quarter 2012, up $7.1b from the March quarter 2012 estimate of $13.2b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)

Release Date

September 2012

20 December 2012

December 2012

28 March 2013

March 2013

27 June 2013

June 2013

26 September 2013

CHANGES TO THIS ISSUE

Following ongoing quality assurance work a number of data quality issues have been identified with table 37 - National capital accounts by sector and subsector. This table will be unavailable until further notice. However, capital accounts by sector will continue to be published as part of table 22 - flow of funds matrix.

SIGNIFICANT EVENTS

During the June quarter 2012, the investment activity of an other private non financial corporation unit has been confidentialised to maintain the anonymity of the unit which has not yet given approval to publish their investment activity and in the case where they may be identifiable. As a consequence of suppressing estimates directly impacted, it has been necessary to consequentially suppress other series in the affected tables to preserve confidentiality. Statistics published in this issue reflect these changes.

This issue incorporates new estimates for households holding of unlisted shares and other equity in other private non financial corporations. The previous estimates have been revised back to June 2002.

The Central bank, banks, securitisers and bond market tables include estimates for internally securitised paper. Please refer to ABS treatment of internally securitised paper for the treatment of these securities.

REVISIONS IN THIS ISSUE

There have been revisions back to June 2002 to previously published aggregates due to quality assurance work undertaken through review of compilation of the published estimates and through data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets. As a result there are a number of series breaks between March quarter 2002 and June quarter 2002. These time-series have yet to be revised to June 1988, the beginning of the time-series.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Sachind Naidu on Canberra (02) 6252 6417, email <national.accounts@abs.gov.au>.